The Lagos State Electricity Regulatory Commission has begun a process of understudying the Nigerian Electricity Regulatory Commission as part of efforts to strengthen electricity market regulation in the state.
This was disclosed in a statement released by the NERC on Friday following a courtesy visit by board members of LASERC and the Lagos State Independent System Operator to the commission.
The delegation was led by the Lagos State Commissioner for Energy and Mineral Resources, Mr Biodun Ogunleye, who reaffirmed the state government’s commitment to expanding energy access and positioning LASERC as a model electricity regulator for other states.
Ogunleye explained that while LASERC is responsible for regulating the electricity market in Lagos State, the Lagos State Independent System Operator oversees the operation of trade point meters and all bulk electricity measurements to ensure that energy sold within the state is properly accounted for.
In separate remarks, the Chairman of LASERC, Mr Akinwunmi Ogunbiyi, and the Chief Executive Officer, Mrs Temitope George, expressed their commitment to working closely with NERC to deepen their understanding of electricity market regulation and to apply global best practices within their jurisdiction.
Welcoming the delegation, the Chairman of NERC, Dr Musiliu Oseni, underscored the strategic importance of the power sector and urged LASERC and LISO officials to leverage their engagement with the commission in building a strong subnational electricity market.
He also emphasised the need for fairness, objectivity, and continuous learning, while assuring the delegation of NERC’s readiness to collaborate and share knowledge in support of universal electricity access.
Also speaking, the NERC Commissioner for Corporate Services, Mr Nathan Shatti, highlighted the importance of continuous learning and sector-wide collaboration to balance stakeholder interests and improve energy access.
The NERC Commissioner for Research and Data Analytics, Mr Animashaun Fouad, encouraged the Lagos team to proactively engage stakeholders and rebuild electricity consumers’ confidence in the state’s power market.
Similarly, the NERC Commissioner for Stakeholder Management, Mrs Aisha Mahmud, advised LASERC to leverage the commission’s Customer Protection Regulations as a framework for customer enlightenment, complaint resolution, and strengthening the emerging multi-tier electricity market.
LASERC is among the few state electricity regulators that have fully assumed regulatory oversight of their electricity markets from NERC in line with the provisions of the Electricity Act.
Recently, LASERC announced the official assumption of duty by its newly appointed board members. According to a statement by the state government, this followed the confirmation of the new board members by the Lagos State House of Assembly earlier.
The board members include Mr Alexander Akinwunmi Ogunbiyi (Chairman); Mrs Temitope George (Chief Executive Officer/Executive Member); Engr Adekunle Olopade (Executive Member, Engineering & Systems); Mr Olakunle Falola (Executive Member, Licensing & Regulatory); and Mr Bello Wasiu Oladimeji (Non-Executive Member).
The development, it was learnt, follows the dissolution of the commission’s previous board in December 2025, in line with statutory provisions, and concludes the reconstitution process.
The Lagos State Government said this reaffirms its commitment to strengthening governance, accountability, and institutional effectiveness in the electricity sector.
The newly constituted board is charged with providing strategic leadership and regulatory oversight for electricity generation, distribution, supply, licensing, market operations, and consumer protection in Lagos State, in accordance with the Lagos State Electricity Law 2024 and the state’s electricity reform and energy transition agenda.
LASERC noted that the board’s diverse expertise positions the commission to enhance regulatory effectiveness, protect consumer interests, strengthen investor confidence, and advance sustainable electricity development in Lagos State.
“The newly constituted board is charged with providing strategic leadership and regulatory oversight for electricity generation, distribution, supply, licensing, market operations, and consumer protection in Lagos State, in accordance with the Lagos State Electricity Law 2024 and the State’s electricity reform and energy transition agenda.
“LASERC noted that the board’s diverse expertise positions the commission to enhance regulatory effectiveness, protect consumer interests, strengthen investor confidence, and advance sustainable electricity development in Lagos State.
“The commission reaffirmed its commitment to transparency, professionalism, and stakeholder engagement in the discharge of its statutory mandate,” the statement added.
Aside from regulating licensees, Lagos now has the power to generate and distribute electricity in line with the Electricity Act 2023.
